Shanghai United Imaging Jumps 75% in Debut Post $1.6 Billion IPO
Shanghai United Imaging Healthcare Co., the latest in a slew of $1 billion-plus listings in mainland China this year, soared in its first day of trading.
Shares of the firm, which provides medical imaging systems, jumped as much as 75% to 192.48 yuan. They were sold at 109.88 yuan each in an initial public offering that raised 11 billion yuan ($1.6 billion), according to data compiled by Bloomberg.
